Women may be struggling to climb career ladder because of their beliefs about competition

Women may be struggling to climb career ladder because of their beliefs about competition

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Women might be less likely than men to go for opportunities in competitive workplaces because they don’t see as much of an upside to competition as men do, research by UCL School of Management and London Business School reveals. Women are on average less competitive than men. This gender difference has been explained largely by external factors such as the different evolutionary and social pressures men and women experience. Extending our current understanding of the gender difference in competitiveness, Dr. Sun Young Lee and Dr. Selin Kesebir reveal beliefs about competition as one source of the gender differences in competitive attitudes and behaviours. More →

Strongest year ever for the number of women on FTSE 100 boards

Strongest year ever for the number of women on FTSE 100 boards

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The latest Hampton-Alexander report shows that women now hold 32.4 percent of all FTSE 100 board positions, up from 30.2 percent last year and up from only 12.5 percent in 2011. The FTSE 100 is very close to meeting the 33 percent target for Women on Boards and will do so ahead of the 2020 deadline. The report also shows that women hold 29.6 percent of all FTSE 250 board positions, up from 24.9 percent last year and only 7.8 percent in 2011. The FTSE 250 has had its strongest year yet and if the same rate of progress continues next year, the FTSE 350 will be on track to meet the 33 percent target by the end of 2020 deadline. More →

Global warming is already having a widespread economic impact

Global warming is already having a widespread economic impact

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global warmingThe impact of global warming is rarely included in standard macroeconomic forecasts, even over 20-30 year time horizons. This partly reflects the perception that the economic effects of global warming are unlikely to become significant until the second half of this century and even then, will cost no more than a few percentage points of world GDP.

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Brexit uncertainty yet to affect UK jobs market

Brexit uncertainty yet to affect UK jobs market

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BrexitMore news on the patchy effects of Brexit on the UK economy comes in the latest Labour Market Outlook from the CIPD. The report claims that Brexit uncertainty has yet to take its toll on employers’ hiring expectations, with both public and private sector employers expecting staff numbers to increase in the final quarter of 2019. There has been a surge of confidence among public sector employers on increasing both pay and staff numbers in the next quarter. Although still positive, private sector pay award expectations have decreased, narrowing the gap between the public and private sector. The forward-looking indicator surveyed 1,016 UK employers in September 2019 on their recruitment, redundancy and pay intentions. More →

Business rates and employment costs for small firms need overhaul

Business rates and employment costs for small firms need overhaul

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The Federation of Small Businesses (FSB) is calling on the Chancellor Sajid Javid to bring forward radical interventions to address an unprecedented long-term slump in small business confidence, slowing economic growth and a widening trade deficit when he publishes the 2019 Autumn Budget on 6 November. In a letter to the Chancellor, the group calls for a major reduction in business rates bills for small firms, as thousands struggle to stay afloat amid spiralling operating costs. More →

Competitive sport is a game changer in the workplace

Competitive sport is a game changer in the workplace

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A new report by The Institute of Leadership & Management called Leaders at Play claims that participating in competitive sport gives people an advantage in their working lives, which in turn gives men an advantage because many more have competed in sports. The report also claims that people are often aware of the link because three quarters of workers who play competitive sport believe it gives them skills and capabilities that provide them with a workplace advantage. More →

Business leaders out of touch and failing to inspire, say employees

Business leaders out of touch and failing to inspire, say employees

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business leadersBritish businesses are facing a crisis of leadership, according to new research from Tiger Recruitment, which claims that 58 percent of employees are rarely or never inspired by the leader of the company they work for. Furthermore, according to British employees, many business leaders are setting a poor example around the issues that matter to them today, including work-life balance (28 percent), managing stress (29 percent), flexible working (21 percent) and staying mentally healthy (21 percent). More →

The subtle ways managers sabotage their own teams

The subtle ways managers sabotage their own teams

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A new survey new research from The Predictive Index found that psychological safety is a leading factor in employee dissatisfaction with management. While there are overt ways managers undermine their own employees’s feelings of safety with practices such as bad-mouthing people or displaying favouritism, the 2019 People Management Report (registration) also reveals the subtle ways managers sabotage their teams, ultimately causing employees to quit or disengage. More →

Older workers will drive long term success of firms

Older workers will drive long term success of firms

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Older workers are essential for the success of firmsOrganisations that actively leverage the abilities and experience of their older workers will be best positioned for the future of work, according to Mercer’s report Next Stage: Are You Age-Ready? (registration). The importance of being “age-ready” is underscored for both businesses and economies by the impact of the twin forces of a rapidly ageing labour force coupled with an uncertain global economic growth rate, the report argues. More →

There is still time to avoid the regrexit of Brexit

There is still time to avoid the regrexit of Brexit

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Still time to avoid BrexitSeveral months ago when we invited Jonty Bloom, one of the media’s most respected journalists to come and speak to our guest audience, we knew it would be informed, relevant and fascinating. What we didn’t know was that the day before (4th September 2019) Boris Johnson would deliver a stunningly inelegant performance at his inaugural Prime Minister’s Question time, the day after losing his first vote in parliament to prevent a further delay in delivering Brexit. More →

Mixed messages in labour market, but signs of trouble ahead

Mixed messages in labour market, but signs of trouble ahead

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Work-life balanceThere are mixed signals in today’s jobs figures for the UK. Optimists will point to continued record employment, a slight fall in unemployment and earnings growth higher than at any point since the recession – despite everything, the labour market is still going strong. For pessimists though, there are strong signs of things slowing down: vacancies have fallen to their lowest since 2017, the growth in employment is virtually flat, and the number of young people not in employment or education is rising again. So what is really going on? More →

Start-ups slump as UK gears up for Brexit

Start-ups slump as UK gears up for Brexit

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Brexit jigsaw missing start-upsThe number of new start-ups in the UK fell sharply last year and established firms scaled back their growth ambitions due to Brexit uncertainty, according to new data looking at the health of the grassroots economy. The findings have emerged from the Enterprise Research Centre’s UK Local Growth Dashboard report, an annual publication that looks at a range of metrics charting the growth of small to medium-sized enterprises (SMEs), which account for 99 percent of all firms in the UK. More →

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